Daily Round Up 2/1/17: MCC, SRG, PCF

by: InsiderInsights


Tables of the top insider purchases and sales filed with the SEC on 2/1/17, based on dollar value.

Dollar values often do not equate with significance when it comes to insider trades.

Proprietary Insider Company Ratings are relayed to clarify significance.

Dollar value is only one metric to assess the significance of an insider transaction, but when high dollar value intersects with significance it spotlights a stock investors should take the time to consider. InsiderInsights Daily Round Up articles are intended as initial research tools, so investors can separate real insider investment intelligence from time-wasting noise.

Click the Company Name links in the tables below to analyze a company's or insider's full insider history. Also feel free to email us with any questions on our proprietary insider data, Insider Filer Statistics, and Insider Company Ratings.

Educational note from InsiderInsights:
Insider filing volumes are at a seasonal low point due to companies closing trading windows to their insiders until quarterly earnings are released. As a result, the dollar values of trades featured in our Daily Round Up articles (particularly the purchases) will likely be lower than usual through January, before picking up again early February.

On Today's Tables:

Insider trades were rated Significant at :

  • Seritage Growth Properties (NYSE:SRG);
  • Putnam High Income Securities Fund (NYSE:PCF), and;
  • Medley Capital (NYSE:MCC).

Insider trades were rated Nearly Significant at:

  • Tailored Brands (NYSE:TLRD);
  • Nicholas Financial (NASDAQ:NICK);
  • Live Oak Bancshares (NASDAQ:LOB), and;
  • Athersys Inc New (NASDAQ:ATHX).

Insider trades were considered Insignificant at:

  • W Alliance Banc (NYSE:WAL);
  • Total Sys Svs (NYSE:TSS);
  • Microsoft (NASDAQ:MSFT);
  • Mastercard (NYSE:MA);
  • Kingstone Companies (NASDAQ:KINS);
  • Alphabet (NASDAQ:GOOG);
  • Fcb Financial (NYSE:FCB);
  • Cathay Gen Banc (NASDAQ:CATY);
  • General Cannabis (OTCQB:CANN), and;
  • Apple (NASDAQ:AAPL).

There is a Conflicted Insider Signal (both purchases & sales) at:

  • Cimpress (NASDAQ:CMPR).

There is an IPO or Known Corporate Action at:

  • Jounce Therapeutics (NASDAQ:JNCE), and;
  • Anaptysbio (NASDAQ:ANAB).

It's difficult to argue significance for most transactions made during IPOs, or when insiders make trades during a known corporate action.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
1 Eminence Capital BO Tailored Brands TLRD B $22,200,000
2 Celgene Switzerland BO Jounce Therapeutics JNCE JB* $10,000,000
3 Berkowitz Bruce R BO Seritage Growth Properties SRG B $3,055,376
4 Williams William L Iii VCB,VP,DIR Live Oak Bancshares LOB B $1,017,100
5 Taube Brook CEO,DIR Medley Capital MCC B $798,558
6 Novo A S BO Anaptysbio ANAB JB* $750,000
7 Arends Cornelius David VP,PR Cimpress CMPR B $399,986
8 Bulldog Investors BO Putnam High Income Securities Fund PCF B $266,582
9 Davis Jordan DIR Athersys Inc New ATHX JB* $249,975
10 Magnolia Capital Fund BO Nicholas Financial NICK B $226,424

Source: | Key to Insider Title and Trans Type Codes :
B =Open-market Buy; AB=10b5-1 (automatic) Buy; JB*=Buy indicated as being open-market, but not confirmed by trading price range and volume for the session.

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
1 Gates William DIR Microsoft MSFT AS $130,224,800
2 Page Lawrence CEO,DIR,BO Alphabet GOOG AS $27,148,456
3 Mastercard Fdn BO Mastercard MA S $21,862,936
4 Cook Timothy D CEO,DIR Apple AAPL AS $4,976,100
5 Kelsey Michael R BO General Cannabis CANN JS* $3,547,748
6 Goldstein Barry PR,CB,CEO,BO Kingstone Companies KINS JS* $3,059,649
7 Novelly Paul A DIR Fcb Financial FCB S $2,967,619
8 Tomlinson Philip W DIR Total Sys Svs TSS S $2,832,800
9 Nave James E D V M DIR W Alliance Banc WAL S $2,493,500
10 Wu Peter VCB,DIR Cathay Gen Banc CATY S $1,815,974 | Key to Insider Title and Trans Type Codes :
S =Open-market Sale; AS=10b5-1 (automatic) Sale; JS*=Sale indicated as being open-market, but not confirmed by trading price range and volume for the session.

If you're interested in the insider history of a stock not shown here, you can search by ticker.

Did you miss our Previous Daily Round Up?

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.